Results of Class Meetings and EGM
August 24 2009 - 8:36AM
UK Regulatory
TIDMAIDP TIDMAIDU TIDMAIDE
RNS Number : 9069X
Aida Fund Limited
24 August 2009
The Aida Fund Limited (the "Company")
24 August 2009
Recommended proposals for the restructuring of the Company
Result of class meetings and extraordinary general meeting
In the circular to shareholders dated 4 August (the "Circular") the board of
directors of the Company recommended a range of proposals to restructure the
Company including the establishment of an open-ended master fund. Class
meetings for the Euro and Sterling shareholders and an extraordinary general
meeting of the Company ("EGM") were convened for 24 August 2009.
The resolutions proposed as special resolutions at the class meetings of Euro
and Sterling shareholders and at the EGM held today have been duly passed.
These resolutions have effected (a) a change to the Company's investment policy;
(b) the adoption of revised articles of incorporation to provide, amongst other
things, for the conversion of Euro and Sterling denominated Ordinary Shares into
US Dollar denominated Ordinary Shares; (c) a change to the name of the Company;
and (d) a capital reorganisation of the Company.
A prospectus for the open-ended fund and an application form to exchange shares
in the Company for shares in the open-ended fund will shortly be sent to
shareholders who have returned a completed Indication of Interest Form to the
Company and who have satisfied the Company that they are eligible to invest in
the open-ended fund. Shareholders who believe that they are eligible to invest
in the open-ended fund and wish to do so are urged to complete and return the
Indication of Interest Form as soon as possible.
Further details of the implementation of the proposals including the timing
thereof will be provided at the time of posting of the open-ended prospectus.
For further information please contact:
Aida Capital Limited
020 7600 7500
The information in this announcement should be read in conjunction with the full
text of the Circular. Capitalised terms used in this announcement shall, unless
the context otherwise requires, bear the meaning given to them in the Circular.
Copies of the special resolutions have been submitted to the UK Listing
Authority and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Tel. 020 7066 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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